Pakistan is seeking an additional USD2 billion from the International Monetary Fund (IMF) to tackle the devastating impacts of climate change, a report by ARY News said, citing sources.
Pakistan has been cautioned by the International Monetary Fund (IMF) to take prompt actions against corruption and political harassments related to corruption cases in the country, ARY News reported on Friday.
Nathan Porter, head of the IMF's Mission to Pakistan, leads the mission team engaging with the Pakistani delegation led by Finance Minister Muhammad Aurangzeb.
An International Monetary Fund (IMF) mission is set to visit Pakistan this month regarding a new loan program and to discuss policies and reforms, reported Samaa TV.
The International Monetary Fund confirmed that Pakistan was seeking a 24th medium-term bailout package for a permanent push towards longstanding structural reforms, reported Dawn.
Barrister Gohar Ali Khan, representing PTI, conveyed the party's demand after a meeting with party founder Imran Khan in Rawalpindi's Adiala jail, stating, "Incumbent CEC (Sikandar Sultan Raja) has now become a controversial personality as he failed to stop rigging in elections; PTI demands
The loan was approved after the IMF Executive Board completed its first review last week, bringing the total disbursements under the USD 3 billion Standby Arrangement (SBA) to about USD 1.9 billion.
Amid the crippling economic woes in Pakistan, the Executive Board of the International Monetary Fund (IMF) completed its first review of the country's economic reform programme and allowed the immediate disbursement of USD 700 million, ARY News reported on Thursday.
As the IMF's $3 billion stand-by arrangement initiated its first review on Thursday, the Pakistani rupee experienced a declining trend against the US dollar, casting uncertainty on future prospects, Dawn reported on Thursday.
This development has prompted a special meeting of the Economic Coordination Committee (ECC) to convene, where discussions will revolve around a remarkable 3,900 per cent surge in fixed monthly charges and a substantial 194 per cent hike in consumer rates for natural gas.